‘EdTech start-ups on a roll, raise funding of $2.2 b in 2020’
December 17, 2020
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Indian EdTech has raised $4 billion in the last five years and, in calendar year 2020 alone, start-ups in the EdTech space received a total investment of $2.2 billion, a new joint report by Indian Private Equity and Venture Capital Association (IVCA), and PGA Labs, the market intelligence business of Praxis Global Alliance (PGA), revealed.
In 2019, EdTech start-ups raised investments of $553 million. As many as 92 players received funding in 2020, of which, 61 players received seed funding, the report showed. BYJU’s and Unacademy raised the most capital, $2.32 billion and $354 million, respectively, in 2020. B2B EdTech received total funding of $31 million in 2017-20.
Indian edtech startups attracted over USD 2.22bn funding in 2020: Report PTI
New Delhi: Indian edtech startups received a total investment of USD 2.22 billion in 2020 as compared to USD 553 million in 2019, reflecting the confidence of investors in the segment that has seen a huge surge amid the pandemic, a report by IVCA-PGA Labs said Thursday.
The report, titled ‘The Great ‘Un-Lockdown’: Indian EdTech’, noted that Indian online education companies have raised USD 4 billion in the last five years (2016-2020) with companies like Byju’s, Unacademy and Vedantu accounting for the highest share.
In 2020, 92 players received funding, out of which 61 players received seed funding, the report by Indian Private Equity and Venture Capital Association (IVCA) and PGA Labs, said.
[Watch] This year’s funding into edtech startups outshines the last five years: Report
The Indian edtech ecosystem raised $4 billion in the last five years. Over 92 players received funding in 2020, out of which 61 received seed funding.
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Indian Venture Capital Association and Praxis Global Alliance have released an edtech report titled The Great ‘Un-Lockdown’: Indian EdTech, Disruptions and opportunities for the next decade . The report says that the total amount raised by the edtech industry in 2020 was
$2.2 billion. This is significant as the
Indian edtech ecosystem has raised $4 billion over the last five years.
This also marked the rise of B2B edtech startups, over
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